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Employment Cost Index barely rises in Q2. NEW YORK, July 31- U.S. The Employment Cost Index, the broadest measure of labor costs, rose 0.2 percent, marking the smallest increase in the index's 33- year history, the U.S. Labor Department reported.

As Apple shareholders mourn the passing of Steve Jobs, they are forced to ask themselves a tough question: Will the passing of the company’s iconic founder and driving creative force mark the top in its shares?

Everyone wants the same result, which is to rekindle employment growth, says Richard Fisher, Dallas Fed president, who says, at this point the nation needs to find the means to do so. Fisher adds that the Federal Reserve simply adds the fuel but politicians ultimately are the ones who have to execute to spur economic growth.